Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read the case given below carefully and critically analyze it and answer the questions that follow: Keystone Light/MillerCoors Canhole Lead Agency: Leo Burnett/Arc Worldwide Strategic

Read the case given below carefully and critically analyze it and answer the questions that follow:

Keystone Light/MillerCoors "Canhole"

Lead Agency: Leo Burnett/Arc Worldwide

Strategic Challenges

Summer is the season for beer: Billions of dollars are up for grabs; the competition for floor space, incremental displays, and "customer activation" is intense and hotly contested.

The big dogs rule: Miller Lite, Coors Light, Bud Light, Budweiser, and Corona rule the summer months, which makes it difficult for smaller, below-premium brands such as Keystone Light to get any attention from distributors or retailers. Typically, Keystone Light can only place statics stickers on in-store coolers to plead its case to shoppers.

Pricing challenges made it more difficult: Beer companies, including MillerCoors, have raised the price of the below-premium segment (closing the price gap) in an effort to get drinkers to trade up to the pricier premium brandswhich is the companies' priority and vital to overall performance. However, this pricing strategy couldn't have happened at a worse time for Keystone Light. Its target consumers were being hit hard by the sagging economy and were looking for even more value while still trying to get out and have some summer fun with their buddies.

Overall challenge: In the sea of big-name brands during the summer, how does the company give a smaller, below-premium beer a reason to be featured at retail?

Objectives

1. Stave off decline of the Keystone Light business in the convenience store channel by stealing share, volume, and display opportunities from the company's key competitor: Anheuser-Busch's below-premium powerhouse, Natural Light.

2. Increase overall Keystone Light brand engagement to help establish a purpose and personality for Keystone Light's new brand character (Keith Stone), in order to increase interaction, acceptance, and sharing by consumers.

Insights The company's target was a simple guy with simple needs, which was named "The Cruiser." He doesn't have a lot of money, so he's learned to be resourceful and inventive with things he has on hand in order to have a good time.

For him, a great meal is a frozen burrito, a bag of Doritos, and a warm hot dog right off the roller. He enjoys the occasional fart joke and ribbing his buddy because his sister can kick his butt at Halo (with one hand tied behind her back). He's comfortable with who he is and values friendship over all else. He has also built a fair number of beer pyramids in his day.

Once the company understood the Cruiser and how he behaves, it needed to know what he does during the summer. Using a combination of quantitative and qualitative research, the company discovered that the Cruiser's summer is all about "Bro-ments." He gets together with more friends, more often, during the summer. The Cruiser values impromptu, memorable experiences that are the outcome of ingenuity and inventive social occasions. In other words, he likes spending time with his buddies, telling jokes, and not acting his ageall while drinking beer. This is basic male bonding stuff termed "Bro-ments."

Questions

1)How can Cruisers use Canhole to connect with others on the Internet and social networks? How can the company encourage the Cruisers to do so? How does Maslow's Hierarchy of needs applicable to this situation?

2)Apply the concept of product involvement to the Canhole promotion and the second objective.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Business

Authors: Louis E. Boone, Micheal H. Khan, DAvid L. Kurtz, Brahm M. Canzer

1st Canadian Edition

978-1118161739, 1118161734

More Books

Students also viewed these Marketing questions

Question

10.3 Explain how prejudice develops. (APA 1.1, 1.2, 1.3, 3.2, 3.3)

Answered: 1 week ago

Question

1. Identify three communication approaches to identity.

Answered: 1 week ago

Question

d. Who are important leaders and heroes of the group?

Answered: 1 week ago

Question

3. Describe phases of minority identity development.

Answered: 1 week ago